Forex dealers said besides increased selling of the American currency, the dollar's weakness against other currencies overseas also supported the rupee but a lower opening in the domestic equity market, limited the rise.

The domestic currency had gained eight paise to close at 61.86 against the dollar in yesterday's trade on account of suspected RBI intervention through state-owned banks.

Meanwhile, the benchmark BSE Sensex fell by 55.22 points, or 0.19 percent, to 28,282.83 in morning trade on Wednesday.